02-December-2024
Economy News
 
China's Nov Manufacturing Activity Seen Expanding for Second Month: Reuters Poll
29-Nov-2024

China's factory activity likely expanded modestly for a second straight month in November, adding to a string of recent data suggesting that a blitz of stimulus is finally trickling through and giving producers in the world's No.2 economy a much needed boost. A Reuters poll of 21 economists estimated the official purchasing managers' index (PMI) would come in at 50.2 when the data is released on Saturday, higher than October's reading of 50.1 and above the 50-point threshold that separates growth from contraction in activity. While there are some signs that Chinese policymakers' latest moves may be lending support to the ailing property market, which has weighed heavily on domestic demand, officials are now in a race to limit the economy's vulnerabilities ahead of a second Trump presidency.

News Source:- https://money.usnews.com/investing/news/articles/2024-11-28/chinas-nov-manufacturing-activity-seen-expanding-for-second-month-reuters-poll